Comment by adabyron
8 hours ago
Curious what others think. In my small real offline world, it seems this has caused people to get worked up about the sky falling a few times and then quit paying any attention to the sky or boy crying wolf at all.
Which means when events actually happen that will have a large negative impact on their life or their descendants, they just don't care. Which then results in another metaphor - boiling a frog.
If you're not an activist, you just have to ride it out and vote when you can. Trump made sure I'll never skip an election ever.
The not caring is honestly a good idea for most people. Very few people have any action they can take that will make measurable change on those negative impacts.
I'm just not sure what it could mean for a typical person, who does not participate in and is not familiar with the EUR/JPY foreign exchange market, to care about a story like this. Is there some financial decision I should be making based on this intervention? If we all got together and protested, might we convince Bessent to buy the euros back, and would that restore the status quo ante if he did? The few people who have any levers to pull here have surely been made aware of the story by now, so if the answers to all of the above are "no", it seems correct for most people not to care.